hold harmless

listen to the pronunciation of hold harmless
English - Turkish
sorumlu tutmamak
English - English
A clause frequently found in managed care contracts, whereby the HMO and the physician agree not to hold each other liable for malpractice or corporate malfeasance if either of the parties is found to be liable It may also refer to language that prohibits the provider from billing patients in the event a managed care company becomes insolvent
In a contract, a promise by one party not to hold the other party responsible if the other party carries out the contract in a way that causes damage to the first party For example, many leases include a hold harmless clause in which the tenant agrees not to sue the landlord if the tenant is injured due to the landlord’s failure to maintain the premises In most states, these clauses are illegal in residential tenancies, but may be upheld in commercial settings
Managed care contracts often include a clause stating if either the HMO or physician is held liable for malpractice or corporate malfeasance, the other party is not
(See Save harmless )
In the case of the Kindergarten and Grades 1-12 programs, and thus indirectly in the case of other programs whose formulas incorporate K-12 WPUs, districts which experience a decline in current year Fall Enrollment are held harmless for one yearthat is, prior year ADM is not decreased contrary to what the Growth formula would suggest However, for each subsequent consecutive year of enrollment decline, ADM is also allowed to decline, with a one-year lag, and the district must adjust its budget downward accordingly Here is a purely hypothetical illustration
An agreement protecting an agency, organization or individual from being held responsible for damages caused by an error in or dispute over a property
A clause frequently found in managed care contracts, whereby the HMO and the physician hold each other to be not liable for malpractice or corporate malfeasance if either of the parties is found to be liable

Related Terms

hold harmless clause
A clause inserted in a contract whereby one party agrees to indemnify and protect the other party from any injuries or lawsuits arising out of the particular transaction
hold harmless clause
contractual provision that shifts liability inherent in a situation to another party
hold harmless clause
A provision added to legislation ensuring that recipients of federal funds do not receive the same amount in a future year as they received in the previous year If a new formula for allocating funds will result in a reduction of federal funds, this clause is added to legislation, and is used most frequently to soften the impact of sudden reductions in federal grants
hold harmless clause
An exculpatory clause freeing one from personal liability
hold harmless clause
– A clause frequently found in managed care contracts whereby the HMO and the physician hold each other not liable for malpractice or corporate malfeasance if either of the parties is found to be liable
hold harmless clause
Contractual clause where one party assumes a liability risk for another and, thus, effectively indemnifies the named party from any liability
hold harmless clause
Also known as "save harmless clause" A clause in a contract in which one party releases another party for legal liability for a stated risk
hold harmless clause
A clause frequently found in managed care contracts whereby the HMO and the physician hold each other not liable for malpractice or corporate malfeasance if either of the parties is found to be liable Many insurance carriers exclude this type of liability from coverage It may also refer to language that prohibits the provider from billing patients if their managed care company becomes insolvent State and federal regulations may require this language
hold harmless clause
a clause in a Temporary Order or Judgment which states which party should be responsible for payment of a debt, and provides that, if the other party is forced to make the payment, the party who should have paid will owe that money to the party who did pay
hold harmless

    Hyphenation

    hold harm·less

    Turkish pronunciation

    hōld härmlıs

    Pronunciation

    /ˈhōld ˈhärmləs/ /ˈhoʊld ˈhɑːrmləs/

    Etymology

    [ 'hOld ] (verb.) before 12th century. Middle English, from Old English healdan; akin to Old High German haltan to hold, and perhaps to Latin celer rapid, Greek klonos agitation.
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